US futures are indicating a lower open today. European equity markets have opened with losses, following weaker levels in Asian markets. Market sentiment still impacted by unambiguously strong US payrolls. Bond yields higher and lofty equity valuations under scrutiny as US earnings season approaches. Long-end selloff also fueling discussions around rising term premia amid fiscal deficit concerns for US and UK, amid speculation of increased US corporate takeovers due to weak GBP.
Companies mentioned: Sage Therapeutics, Biogen (NASDAQ:BIIB), Intra-Cellular Therapies, Johnson & Johnson (NYSE:JNJ), Nippon Steel, United States Steel
Which stock to consider in your next trade?
AI computing powers are changing the Canadian stock market. Investing.com’s ProPicks AI are winning stock portfolios chosen by our advanced AI for Canada, the US, and other exciting markets around the globe. Our top strategy, Tech Titans, nearly doubled the S&P 500 in 2024 - one of the most bullish years in history. And Beat the TSX, designed for broad market exposure, is showing +878% gains with 10 years’ back-tested performance. Which Canadian stock will be the next to soar?
Unlock ProPicks AI